KeyCorp Analysts Lower Earnings Estimates for CIRCOR International, Inc. (CIR)

CIRCOR International, Inc. (NYSE:CIR) – KeyCorp reduced their FY2018 EPS estimates for CIRCOR International in a note issued to investors on Monday, November 5th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings of $2.10 per share for the year, down from their previous estimate of $2.20. KeyCorp has a “Overweight” rating and a $48.00 price objective on the stock.

CIRCOR International (NYSE:CIR) last posted its earnings results on Monday, November 5th. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). CIRCOR International had a positive return on equity of 6.78% and a negative net margin of 2.22%. The firm had revenue of $297.50 million for the quarter, compared to analysts’ expectations of $296.49 million. During the same quarter last year, the company posted $0.43 EPS. The firm’s revenue was up 86.3% on a year-over-year basis.

A number of other research firms also recently weighed in on CIR. Zacks Investment Research downgraded CIRCOR International from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Citigroup began coverage on CIRCOR International in a report on Tuesday, August 21st. They set a “neutral” rating and a $50.00 target price on the stock. Finally, ValuEngine upgraded CIRCOR International from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.80.

CIR stock opened at $34.64 on Thursday. CIRCOR International has a fifty-two week low of $30.73 and a fifty-two week high of $54.89. The company has a current ratio of 2.30, a quick ratio of 1.34 and a debt-to-equity ratio of 1.40. The company has a market cap of $696.66 million, a price-to-earnings ratio of 20.26 and a beta of 2.15.

Institutional investors have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC grew its stake in shares of CIRCOR International by 78.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 2,948 shares of the industrial products company’s stock worth $109,000 after buying an additional 1,298 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of CIRCOR International by 76.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,467 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,500 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of CIRCOR International by 83.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,556 shares of the industrial products company’s stock worth $168,000 after buying an additional 2,074 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of CIRCOR International in the 2nd quarter worth approximately $169,000. Finally, SG Americas Securities LLC purchased a new stake in shares of CIRCOR International in the 2nd quarter worth approximately $215,000. Institutional investors own 90.13% of the company’s stock.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices, and fluid catalytic converter and isolation valves.

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Earnings History and Estimates for CIRCOR International (NYSE:CIR)

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